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introduced by the extraordinary man, dr. james billington, a great man and great librarian of congress. thank you. [applause] i will start at the beginning. as a child, and loved to read. in the midst 50s, like in the outer boroughs of new york city, in my case the bronx, was comfortable but provincial comments and my curiosity extended far beyond the bounds of my home and school. i wanted to know more about people in other places, what was happening in the world now, what had happened in the past, and quite simply how i came to be. books were my passport and i consumed them voraciously but i came to writing later than most, in my late 30s after having raised my three children. my generation, those of us born during and after world war ii, numbered in the millions and we were asking questions that demanded to be answered. we had come of age in the heat of the escalating war in vietnam and we didn't know why our brothers were fighting so far away for a cause that was so difficult to understand and the role of women in society was changing rapidly. my friends, educated with traditional values b
ahead tonight, a mountain of new regulations coming our way next year thanks to congress. we'll break it down. >>> and president obama promised to end crony capitalism? how is he doing? we'll have a report card. ard. this is $100,000. ard. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: brace yourselves for a tsunami of new regulations on the way. a study finds new regulation still under review by the obama administration could cost $106 billion before the end of the year. the biggest culprits? the epa and the energy department. here to explain the director of regulation policy for the american action forum. sam, welcome. i want to start with this $106 billion number we were talking abouin the break. this is a lot of money. so $106 billion. these are rules that are still being written that were supposed to go into place sometime this year. this
a continuation of the negotiations with congress and the president. >> reporter: thanks very much. one other person said to me, it's a huge problem when the biggest threat to the u.s. economy is the u.s. congress. i kind of agree with him. >> you know what, i want you to go back and tell that mark that my resolution is to be more like him. just say what's on your mind. he's direct. >> reporter: he certainly did. it's great -- but people feel passionate about this. we're working in this business where we watch sort of the trickle of events, but everybody else is watching it too. it's very frustrating for everybody. >> people are ticked, hence you are at the tick tok diner. that's my attempt at humor. alison kosik, thank you, my friend. happy new year. >> reporter: sure, you too. >>> besides talking to people in the diners, we're also collecting your thoughts online. if you want to see what a lot of your fellow americans and those who live here feel about this, go to cnn.com. you can hear the reports to washington. there's some doozies in there. >>> the fiscal cliff is somewhat set. now it's u
. congratulations on your service in congress. wish awe happy new year. >> happy new year, thank you. adam: so we'll get the republican take from senator john barrasso just a lit later in the program. he is kook discussing right now with other members of the republican caucus in the senate. they're talking about all of this. viously the final physical cliff deal affects everybody, every aspect of our money, the markets, the economy. some say no matter what the damage has been done. we have money panel with wisdom to heelp us get through all of this. scott martin, is also a spewed baker fan. kill holme, and stephen hayes, writer at weekly standard and fox news contributor. i want to start with kim. from a small business perspective, this deal to on tax people who make 400,000, the, does that spare small business that might look at their funds as a pass-through when it comes tax time or will this still be horrendous for the >> it is horrendous and horrendous for myself and my action and those of us who have flow-down through s-corps. i certainly think they made some progress but, you know, obviousl
distinguished master counter. >> thank you very much, madam leader. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for a unwillingness to compromise, an unwillingness to come together to act on behalf of the american people. today is january 1st. taxes will be going up on everybody in america. in america if we don't act. those relying on unemployment insurance, millions relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president biden has worked very hard to come to a compromise. by definition a compromise has elements in it that each party does not like, but by definition it has things in it each party should like of the the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out we expect that to happen. we think that's in the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise tha
spending cuts in that bill. this will have to happen by noon thursday when this congress ends and the new one is sworn in or the whole thing starts over again. the sequestration cuts take effect as the tax cuts -- in fact, they have already taken effect. >> thank you. so what do americans think of the job that congress is doing to solve this fiscal crisis? agoal goal went out to find out. >> they don't think much of what is going on in the building behind me. we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom disappointed. >> i'm adisappointed. >> people like katherine apathetic. >> it seems like a cycle of nonsense. >> it has gotten w
republicans have to say. we will note the numbers at some point during the day. >> thank you very much. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for an unwillingness to compromise. an unwillingness to come together to act on behalf of the american people. today is january 1. texas will be going up on everybody in america if we don't act. those who are relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president joe biden asked to come to a compromise. the definition of compromise has elements in it each party does not like. but by definition, that has things in it each party should like. the speaker said if the senate passed a bill he would put it on the floor for a vote. leader has pointed out we expect that to happen. we think that is the best interest of the american people. we hope our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reached to determine whether they
done now with a chance to talk about some of these issues some more in the new congress and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy new year. david, let's talk about what we're going to see in the house. obviously, if it passes, a lot of people will probably be voting yes while they're holding their nose, but could there also be a revolt from conservative members that could threaten this bill? >> i think, chris, you can never predict completely smooth passage, especially in the house, but i thin
will ever happen. bret >> bret: thank you. the fiscal cliff not the only thing that congress is dealing with. fox news learned the house plans to split the superstorm sandy aide bill to two parts. giving the lawmakers opposed to a large bill the ability to vote against it and vote on the other part so they don't appear unwilling to help storm victims. the base would provide immediate funding to those affected by the october storm that devastated new york and new jersey coastlines. meanwhile, republicans are still meeting up on capitol hill. we have a live camera outside of that meeting. they are, the camera just shooting in and out there. they are meeting and those are the microphones they may come and talk to reporters after they finish that conference meeting. we are just getting word of something that perhaps is happening behind those doors. senior g.o.p. leadership aide is telling fox that the speaker presented his members two options. the first would be to make an amendment to the senate bill that would add a package of spending cuts. the whip, majority whip would do a whip check, vote
congress gets sworn in and if they don't pass a bill by then we go back to square one. >> mason: nancy cordes at the capitol. thank you, nancy. major garrett is following developments at the white house. major, what do you hear from there tonight? >> reporter: anthony, the president spent the afternoon in the oval office, january 1, new year's day, presiding over a country and economy that has technically gone over the fiscal cliff. at this hour, anthony, white house officials tell us the president is somewhat optimistic that republicans, despite their misgivings and reservations will find a way to either have an amendment process or come narrowly close to one but ultimately allow this senate compromise to come up for an up-or-down vote and the president, in confering with nancy pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic si
testifying to congress about benghazi as she had promised before her illness. >> andrea mitchell in washington tonight, thank you so much. secretary clinton's health problems started last month when she fainted after being dehydrated from a stomach virus. she suffered a concussion in that fall leading to the blood clot she's dealing with now, all of which is bringing attention to the dangers of head injuries. we asked robert bazell to take a look at how blood clots are treated and injuries. >> reporter: the type of blood clot that struck mrs. clinton is potentially dangerous but it is not a typical complication of a concussion. >> patients who have a concussion, very rarely have this type of injury. this would be similar to the clot that she had. >> reporter: it's more common that a concussion would cause bleeding inside the brain. but doctors say a brain scan looking for that problem would find a clot. mrs. clinton's clotd formed in a vein on the surface of the brain. it could grow larger causing blood to back up into the brain. that could cause a stroke. doctors prevent that wi
uch, las vegas. thank you, iheartradio! ♪ >>> a police chase at a bay area airport after a man runs on to the tarmac. >>> the white house and congress reach a deal to avoid the fiscal cliff. what it means for everybody's paychecks. >>> and we'll take you behind the scenes on the biggest new year's eve celebration in town. good evening i'm elizabeth cook. >> i'm brian brian. ken's got the night off. we begin with developing news at the international airport. police pursued this man over the tarmac. he hopped the fence just before 8:00 tonight and started running towards the terminal making it across two runways before police caught up with him. he was out there for 15 minutes. it's not clear exactly what the man's intent was, but does suffer from a mental illness. >>> thousands of partyers are flooding the streets of san francisco. and with a behind the scenes look at the biggest party in town. hi elizabeth. >> reporter: hi. we are still two hours away from the new year, but they are starting to get excited. and and with the wigs, the same thing. new year's eve will be here on the cl
that congress has to deal with yet another bruising debt ceiling battle. >> all right. thank you. >>> why do you think lawmaker waited until last minute? there is a lot of questions surrounding that. we are getting a lot of feedback on our facebook page. >> william have bad hotwood says it was to, quote, act like they are doing something for their already overrated salaries. they do this almost every year. we need to force them to change the way they work us for. share your commends our facebook page. >>> still ahead this new year's morning. >> so, a deal has been reached mentioned in the senate. that doesn't mean the tension is gone. we'll take a look at what new year's resolution lawmakers may want to consider when we come back. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to regi
of the anticoagulants used as to the degree of monitoring she'll need. >> thank you for joining me on this new year's day. >> happy new year's to all. >> thank you. >>> coming up even if they reach a deal this kick the can congress leaves plenty of work for the new year. a massive hear. gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> if the house manages to pass the senate bill on avoiding the fiscal cliff and that remains a big if it will represent just the tip of the iceberg when it comes to the economic challenges facing the president and congress over the next several years. rick newman is chief business correspondent for u.s. news and world report and the author of "rebounders." how winners pivot back to success. welcome. thank you for joining me. >> hi, mara. >> before we get to the battles ahead who is the rebounder in the senate deal? >> well, mi
whether you get much sleep tonight. thank you. >> no problem, judy. >> suarez: now, our second look at this continually unfolding story, with little time left before the 112th congress ends thursday at noon. for that, we are joined by congressmen from both sides. representative tom cole is a republican from oklahoma. representative chris van hollen of maryland is the ranking member on the budget committee and part of the democratic leadership team. representative cole, let me start with you, since you've just come from a powe wow with your side of the aisle. what's the latest? is a vote imminent? has there been any shift from an earlier stated determination to amend the current bill? >> well i think there's discussion on the way. that meeting is still going on. so i stepped out early and i wouldn't presume to comment on any final decisions. but, look, at the end of the day, we're doing what you ought to do. we have a product literally at 2:00 in the morning last night. we're looking over, deciding the appropriate way to proceed. i think we'll reach that decision tonight. we're looki
possibly see the next snow flake. >> thank you, olga. >>> they missed the midnight deadline but congress may still get a deal done on the fiscal cliff. the senate passed a compromise bill very early this morning. >> next it goes to the house where the bill could be facing some pretty stiff opposition. delia goncalves is live on capitol hill with an explanation on that. delia, good morning. happy new year to you. >> reporter: happy new year, mike. welcome back, andre ya. we thought they were -- andrea. we thought they were close. they came to a deal last night but house republicans say it may not look too good after all. the sticking point we're seeing is the spending cut. the senate bill delays the spending cut for another two months. president obama said yesterday that he wanted to include that into the bill but in order to get it passed, he had to compromise himself. let's take a look at some video shot yesterday on the senate floor of the house. the 89-8 vote was cast around 2:00 a.m. the bill permanently extends the bush era tax cuts for 99% of americans. current spending levels will
congress and more importantly the country can live with one day of cliff diving but not many more. >> major garrett, thank you. thl of this uncertainty is not sitting well with business owners. it's tough to run a company when you have no idea what's going to happen in washington. lee cowan has that part of the story. >> reporter: joanne is running the numbers. her payroll is due this week. although she at least now has a ozen of what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very nnerving and very... causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic and netrant,t, a $2 million a year angelgeles company that paspects, cleans and paints high-tech aircraft and aerospace parts. everything from fighter jets to mars rovers. any cuts in defense spending could mean cuts in her business too. and waiting has her on a fiscal oliff of her own. what does it do if there's another month, two months, three months of this? ti it could potentially impac
is the distinguished whip mr. hoyer. i'm pleased to yield to him. >> thank you very much, madam leader. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for an unwillingness to compromise. an unwillingness to come together to act on behalf of the american people. today is january 1st. taxes will be going up on everybody in america if we don't act. those who are relying on unemployment insurance, millions of americans relying on unemployment insurance to make sure they can support themselves and their families, if we don't act, we'll be at risk. vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. but by definition it has things in it that each party should like. the speaker said that if the senate passed a bill, he would put it on the floor for a vote. the leader pointed out we expect that to happen. we think that's the best interests of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the
for tonight's celebration. >> thank you. captions by: caption colorado comments@captioncolorado.com >> jarvis: tonig >> jarvis: tonight over the cliff with a possible parachute. congress is close to a new deal on taxes but won't meet the midnight deadline. nancy cordes and major garrett on what happens next. doctors are monitoring secretary of state hillary clinton who is in the hospital with a blood clot. reports from margaret brennan and jon lapook. mark strassman on a new technology that could stop deadly drunk driving accidents. >> the optical signature registers above .08, then the vehicle will prevent you from moving. >> jarvis: and with elephants under siege by poachers, m. sanjay meets a woman who has become a foster mother raising baby elephants until they can care for themselves. captioning sponsored by cbs this is the "cbs evening news" s
to do with obviously leader there's in congress selling this to their folks and we're waiting to see how that all shakes out. >> okay. keep on it for us, brianna. thank you. hard at work keeping an eye on things. quick reminder, the house democratic caucus meeting scheduled for 15 minutes from now and the conference scheduled for an hour from now. suzanne malveaux continues with newsroom. >>> happy new year. welcome back to "cnn newsroom." i'm suzanne malveaux. we have a lot going on. a deal on the table but not out of the woods yet. all eyes on capitol hill, as the republican controlled -- the house, rather, convening this hour for the fiscal cliff negotiations. now vice president joe biden, he is heading to the hill for talks with the house democrats. this is a critical moment for the country. talking about 12 hours after the deadline for the government action has passed. the senate okayed a deal wee hours of the morning, prevent middle class income taxes from going up but raise rates on income of more than $400,000 a year for individuals, more than $450,000 for couples. now, unemploym
line. you are on the air. >> thank you for taking my call. i just wanted to say that congress is dealing with a president who has family in values, with high morals. he doesn't care about the cost, he cares about the people. that is something they don't get, they don't understand, and they are not going to get it. thank you very much. >> cleveland, ohio, another independent. >> my comments is about the oath of office that these guys take when they get elected. they are supposed to do what is best for the people, not for the party, whether it is democrat, republican, whatever. the republicans got a good push with reagan when he started busting unions and raided the social security surplus. then clinton comes along and we have a surplus. bush comes along, we live in fear for eight years. all the spending in afghanistan, a rack, and iran, and nothing was said there. then the democrats had the congress, that everything in obama's first term and had no back on. they just went ahead and let the republicans push them around. they forgot to put them there, as far as the unions, the mi
for carnival. this year, there was also special thanks that 94-year-old nelson mandela is recovering from an illness. >>> john roberts is urging congress to fully fund the supreme court. justice roberts says a short fall in funding could result in delay, or denial of justice for people in the court service. the supreme court's current aappropriation is $77.2 million. >>> congress today released a highly critical report about the deadly attack on the u.s. embassy in benghazi. >> the terrorists essentially walked into the compound, virtually unimpeded, and set it ablaze, due to extremely poor security. >> they released a report, titled flashing red. a special report on the terror attack at benghazi. four americans died in that raid, including u.s. ambassador, chris stevens who grew up here in the bay area. they called on americans to close facilities overseas, if they cannot protect diplomatic staff. >>> a special broadcast on national television to offer prayers for president hugo chavez who has suffered complications from cancer surgery. no details have been released. mr.chavez flew to cu
. >>> in south africa, the new year is a time for carnival. this year, there was also special thanks that 94-year-old nelson mandela is recovering from an illness. >>> john roberts is urging congress to fully fund the supreme court. justice roberts says a short fall in funding could result in delay, or denial of justice for people in the court service. the supreme court's current aappropriation is $77.2 million. >>> congress today released a highly critical report about the deadly attack on the u.s. embassy in benghazi. >> the terrorists essentially walked into the compound, virtually unimpeded, and set it ablaze, due to extremely poor security. >> they released a report, titled flashing red. a special report on the terror attack at benghazi. four americans died in that raid, including u.s. ambassador, chris stevens who grew up here in the bay area. they called on americans to close facilities overseas, if they cannot protect diplomatic staff. >>> a special broadcast on national television to offer prayers for president hugo chavez who has suffered complications from cancer surgery. no details ha
boehner has not yet publicly endorsed the deal. and even though congress did not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president o
taxes go up by $2,000, there is a lot of pressure on congress and white house to take action. that pleasure is playing a huge role. >> kristen welker and kelly o'donnell, thank you, both. we continue our breaking coverage of fiscal cliff talks and what appears to he about a last-minute break through when we come back. please stay with us. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the nex
as members of congress is to do the unfinished work, asselin consaw it, unfinished work not -- to keep america together and that's the charge we have continually is to keep america together. god bless you and thank you for the opportunity to serve. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> request unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from new york is recognized for one minute. mr. higgins: mr. speaker, the people in this chamber that do the complaining about spending, the record clearly shows voted for all the spending that they complain about. two wars that took $1 trillion out of the american economy, unfunded tax cuts that created the worst economy in 60 years and unpaid drug prescription program that cost $730 billion over the next 10 years. moreover, the house republican budget for 2013 spends $800 billion more than it takes in in revenue. that republican budget will require raising the debt ceiling early this year. and raidsing the debt ceiling does no
fiscal cliff crisis will then be turned over to the new congress which comes to work on thursday. live on capitol hill, jennifer johnson, news4. >> thanks, jennifer. >>> well, no relief in the weather. nothing but gray skies to start out this new year. around the district these are live pictures at union station. not much in the way of rain or snow, though. >> storm team 4 chief meteorologist doug kammerer taking a look at the forecast. how is it looking? >> right now not bad. saw a lot of cloud cover this january 1. believe it or not, over the last hour, temperatures have gone up by one degree. 45 degrees at the airport. winds out of the north at 8 miles per hour. we have a bit of a windchill but not all that bad. seen cloud cover throughout the day. not a lot in the way of rain or snow, though. that's stayed down to the south. mostly rain down around richmond. newport news and down into portions of north carolina. one what have sweden as far as temperatures go? we are on the mild side here. temperatures above average but look what is coming. 27 in pittsburgh. 28ing in state college.
with republicans. >> thank you, a busy new year's eve on capitol hill. thank you, randall pinkston. >>> the u.s. is also dangerously close to another less publicized cliff, the dairy cliff. congress has until tomorrow to replace or extend the expiring 2008 farm bill. otherwise, we revert to government price protection measures that date back to the '40s leaving you paying $7 a gallon or more for milk. amazingly the stock market didn't step off the "fiscal cliff" today. in fact, it surged on investor optimism that a deal would be reached. the dow closed out 2012 above the 13,000 mark. that's a 7% gain on the year. the nasdaq and the s&p also edged higher. >>> the u.s. state department is facing scathing criticism in a new senate report about the attack on the u.s. mission in benghazi. the senate homeland security committee is faulting the state department for keeping the u.s. mission in benghazi open despite a deteriorating security situation there. it also faulted the state department for waiting for specific warnings instead of improving security. >> we should have closed this facility in be
nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this final trading day of the year. investors were hopeful of a deal would be worked out by the time the closing bell rang at 4:00. stocks soared to their highest point today. capping an up year. the dow finished 166 points up, the nasdaq rose 59 points and the s&p 500 was up almost 24 points on the day. for the year, the dow finished with a 7% gain. the nasdaq was up almost 16% this year and the s&p 500 gained more than 13%, a very strong year for stocks. so let's bring in cnbc's senior economics reporter steve liesman. steve, we just said the market was way up today, they thought we would have a deal. now we're headed over the cliff. this can't be good news for our economy. >> reporter: it definitely would not be. and if you take all the things that kelly mentioned and add them up, that's about a 4% hit to gross
tock diner, we appro po because the clock has been ticking on congress to make the decision and this is a great diner, not only people from new york are here but people across the world are here. i ran into fazad from l.a. happy new year. >> thank you, happy new year. >> reporter: you're frustrated how lawmakers handled this. >> right, i think delaying it isn't a solution and a solution is someone has to give up something at some point and the politics right now sore heavy handed that i don't feel like in two months we'll come away with something people will be happy with. like me i'm a teacher in l.a. and politicians should be working for, they're so far removed from their own little worlds, it's not going to have a positive impact. i don't think anything is going to happen in two months. i wouldn't be surprised if we saw another delay. >> reporter: how much do you think they've been playing with the economy holding it hostage and how much has really changed? >> you're exactly right. they're just holding different areas of american's lives hostage, be it the economy, health
usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. >>> all right, this holiday season, most americans are not feeling all that much good will toward congress. mary snow has just some of the outrage over the fiscal cliff. >> boutique owner debra pays less attention to designers these days and is focused instead on capitol hill and fiscal cliff negotiations putting a dent in her clothing business. >> i'm really angry that america has not just stood up and screamed and like stormed washington and said we're paying you to do a job. show up for work and do your job. we're paying. they get paid. they're on vacation, taking breaks. meanwhile, we're going to hell in a hand basket. i don't understand how we're allowing this to happen. >> deal or no deal, she said the uncertainty over what will happen has made her customers tentative. >> i don't know what's going to happen tomorrow. that kind of tomorrow has been hanging in the air and kind of got better, we were on an upswing, and here we come with this fiscal crazy cliff, back where as a
works should be okay. i'll have the new year's forecast, coming up. >> thank you. skt new law going into affect this new year changing the way under aged party goers celebrate in california. >> there is no deal in congress over tax cuts and spending. good evening, i'm cheryl jenning autos so we're going over the fiscal cliff. kregs leaders say they're going to save us from disaster. everyone wants to know will we ring in the new year with more taxes? >> well, we will. and this for a while, anyway. the bush era tax cuts will expire at the strofk midnight. by tomorrow it's expect there'd will be a deal to vote on this, afternoon, the president called supporters to the white house to say an agreement to extend the cuts for middle class is very close. >> preventing that tax hike has been my top priority. last thing folks like folks up here on the stage can afford right is to pay an extrao;ye6) 2,000s ndz taxes next year. >> vice president and hsh mitch mcconnell have been leading on negotiations to extend the increasest qlait tax rate from 35% to 40% and extend unemployment benefits o
of congress. however, these hardworking federal employees should not be asked to carry even more of this burden. i thank the gentleman for yielding, and i yield back the balance of my time. thank you. the speaker pro tempore: the gentleman yields. the gentleman from california. mr. issa: mr. speaker, i know my friend from virginia means well, but once again he talks about a lack of accomplishment. apparently he has not looked at the work that the clerks did. he hasn't done the work that the congressional budget office or the government accountability office. those are all funded and yet we had an 11% reduction in spending. so in fact when we talk about the hardworking men and women of the government, this branch has found a way to reduce spending by over 11% in spite of the hardworking men, not just here on the floor and in our offices, but the government accountability office and the c.b.o. and others. with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. connell -- the gentleman from virginia. mr. connolly: before i call on the distinguish
it will require the president's leadership. and it will be on congress and probably going to require a major protest from the financial market. >> okay, it's daunting to say the least as you head into 2013 of the tax lock. thank you so much for being here to give us insights for us for the days ahead. >> happy new year. >> with the touch of the cynicism in there. all right, matt, back to you. ♪ hail to the redskins >>> we are now five days away from the bigst football game here in washington in a -- biggest football game here in washington with the redskins and the seahawks. i'll leave the breakdown to the capable sports department. i thought it might be a good time to compare and contrast the two cities. seattle and washington. >> reporter: let's start with the sound tracks of the two cities. ♪ [ music ] d.c. has go-go and chuck brown. seattle has grunge. washington has the wonderful wharf, a seafood's delight. >> everything is more natural. >> reporter: while seattle for some reasons, the lights and throwing their fish around at the pike place fish market. >> theirs is a little more en
in with you once or twice today. >> reporter: thank you. sure. rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's chief justice weighing in on the country's physical problems. saying the judicial branch gets a minuscule fraction of the nation's trillion dollar budget. it has already done its part when it comes to cost cutting. he is calling on the white house and congress to give enough funding to insure the federal judiciary can do its job. saying this. a significant and prolonged short fall in judicial funding would inevitably result in the delay or denial of justice for the people the courts serve. i therefore encourage the president and congres
. >> thank you. >> steve: happy new year. >> brian: straight ahead, president obama wanted congress to get raises. but most americans think they're doing a very bad job. will lawmakers see more money in their paychecks? there is an update. >> steve: kind of a diplomay day in washington. chances are you watched the times square ball drop. down south it was all about the peach. we're going to show you how the rest of the country rang in the new year when "fox & friends" rolls on live from new york city >> brian: more than a billion people -- okay, a million. gather to do watch a ball drop in times square. another part of the country, people rang in the new year with some unusual traditions. atlanta, it was all about the peach. the 800-pound peach is juicy, has been a tradition since 1989. in orlando, more fruit. thousands of people gathered to drop the orange. >> juliet: why are you talking like that? >> brian: this year, not only rang in the new year, but marked the 500th anniversary of florida's discovery of the orange. >> juliet: yea, to florida. >> brian: we discovered florida. it was ju
on benghazi, we'll see how that goes and also her travel was on told hold. >> jill dougherty thank you so much. happy new year. >> same to you. >>> ahead on "starting point" the whole world is watching what congress does with this new fiscal cliff deal, what it could do with global markets next, with richard quest. risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> minding your business markets are closed today waiting to see how the fiscal cliff could affect your 401(k) in the early part of the new year. of course, u.s. markets all finished 2012 on a high note. the dow gained more than a percent yesterday to finish the year above the 1,000 mark and ali, as you know, it was a good year for the stock market >> it was a better year until the fiscal cliff messed it up. the s&p 500 which looks like people's 401(k)s was up 15%, ends up 12.5. >> one of the ten best years ever. >> i would say 12. >> it's not bad. despite europe and despite the fiscal cliff, markets did okay. markets around the world are closed for new year's day which is why congre
to feed my kids. congress does not have that problem. they do not share the problems. they do not care about our problems. all as long as they get with it and what they got. thank you. host: alex in georgia, republican color. -- caller. caller: happy new year to everybody. i think it is a win, ironically, for republicans. i think anybody of any common- sense realizes -- i will even say you are going to say $300,000 and above, even for household, that is at the chairman among -- barrett minimal. that is upper-middle-class. ultimately that is a win. i want to commend vice-president abundant. i note some of my friends will get mad at me for that. he came in, and we still have to get the delegation from the house. we will have the defects of probably 60-70 republicans, a lot of them call themselves the party. -- the tea party. we need to start seriously addressing the big white elephant, and that number of $16 trillion. a big chunk of that is money we owe social security. i am tired of people talking on a social security as a sacred cow not to be touched. i agree it is a situation where we
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